Filing Flows › Gemini Space Station (GEMI) › Q2 2026
Gemini Space Station (GEMI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Gemini Space Station (GEMI) reported revenue of $45.5M for the second quarter 2026 (Q2 2026), +37% from a year earlier and -10% from the quarter before. Operating margin was -169.2%, net loss $108M (236.9% of revenue).
Gemini Space Station, Q2 2026: revenue $45.5M (+37% year over year), operating margin -169.2%, net loss $108M, operating cash flow −$51.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.5M | -10% | +37% |
| Operating profit | −$76.9M | — | — |
| Net earnings | −$108M | — | — |
| Operating cash flow | −$51.4M | — | — |
What changed
Revenue was $45.5M in Q2 2026, up 37% year over year and down 10% from the previous quarter. Transaction revenue was the largest line at 39% of revenue. Credit card revenue added $11.3M year over year (up 231%), 93% of the total change. Custodial fee revenue declined 67%.
Operating costs exceeded revenue by $76.9M, an operating margin of -169.2%. Total costs grew 24% against revenue growth of 37%. The fastest-growing cost line was Other operating costs (+47%). The quarter ended with a net loss of $107.7M, narrower than the previous quarter's $109.0M loss.
Operating cash flow was −$51.4M. Non-cash charges added back $7.3M of depreciation and amortization and $20.3M of share-based compensation. Working capital and other items added $28.7M. Capital expenditures of $92K exceeded it, leaving free cash flow of −$51.5M.
Questions
What was Gemini Space Station's revenue in the second quarter 2026?
Gemini Space Station (GEMI) reported revenue of $45.5M for the second quarter 2026 (Q2 2026), +37% from a year earlier and -10% from the quarter before.
Was Gemini Space Station profitable in the second quarter 2026?
Operating loss was $76.9M (-169.2% of revenue) and net loss $108M.